Whole Life insurance is also known as permanent insurance. You receive coverage for your entire life, as long as premiums (which are a set amount per period) are paid. Whole life policies accumulate cash value tax-deferred.

Term life policies provide coverage for a specific amount of time – such as 5 years, 10 years, or 20 years. Term premiums are often less expensive than whole life premiums, but once the term of the policy is complete, coverage terminates. There is no accumulation of cash value.

Like Whole Life, Universal Life is a permanent insurance policy, which means that it covers you for your entire life, as long as premiums are paid. Universal life, however, offers you flexibility that enables you to change your premiums and death benefit as your needs change.

Variable Universal Life combines the premium and death benefit flexibility of a Universal Life policy with investment opportunities. You can allocate your premium amongst a variety of professionally managed investment divisions plus a fixed account. Of course, with Investment opportunities commes risk along with the potential for reward.

Survivorship life insurance – available as whole life, universal life* or variable universal life*# - covers two people and provides payment of the proceds when the second insured individuals dies. Survivorship life insurance is often used to help meet estate planning or business continuation goals. .

Asset Preserver is a considered a “blended product” It is a universal life insurance policy* with a long-term care option that allows you to access the death benefit, income tax-free, to pay for certain long-term care needs. Your beneficiaries receive whatever death benefit moneys you have not used towards long-term care.